Bell Copper Corporation - Sombrero 43-101 Technical Report
TSX-V Symbol: BCU
VANCOUVER, May 13 /CNW Telbec/ - Bell Copper Corporation ("Bell Copper" or the "Company") (TSX-V Symbol: BCU) is pleased to announce the completion of a 43-101 Technical Report (the "Report") on the Company's Sombrero Butte project located in Pinal County, Arizona. The Report was completed by Rodney A. Blakestad, J.D., C.P.G.
Summary:
The Sombrero Butte Project represents a consolidation of patented, unpatented and state mining claims in the Bunker Hill mining district, Pinal County, Arizona. Bell Copper Corporation acquired the patented claims in 2006 from a local rancher and is leasing the unpatented claims from Silver Nickel Mining Company. Production from the Sombrero Butte area is historically recognized, primarily for its copper production along with molybdenum and minor amounts of silver and gold. Hillsides surrounding the project area are composed of Glory Hole and Galiuro volcanics, which were intruded by the Copper Creek granodiorite. The granodiorite is host to a cluster of mineralized breccia pipes scattered throughout the property, which constitute the basis for further exploration. Bell Copper has explored the property since 2006 and has drilled 34 diamond core drill holes to date. Field work following drilling includes a magnetic survey, field mapping, and acquisition of addition claims. It is the opinion of the author that the exploration work completed to date has proven relatively high-grade copper mineralization in breccia pipes related to a porphyry copper-type setting and warrants continued exploration to further delineate the mineral potential of the property.
Highlights of the Previous Drill Programs:
BRECCIA TARGET DRILL HOLE FROM TO METERS % CU
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Magna & Sunset SB-01 Leached breccia, no significant intercepts
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Magna SB-02 286m 334m 48m 1.06%
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incl. 318m 328m 10m 2.04%
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Campstool SB-03 272m 294m 22m 0.58%
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SB-03 470m 492m 22m 1.31%
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incl. 480m 492m 12m 2.06%
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Magna SB-04 Leached breccia, no significant intercepts
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Sunset SB-05 18m 40m 22m 4.74%
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Magna SB-06 330m 342m 12m 1.34%
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Sunset SB-07 38m 47.56m 9.56m 5.57%
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Sunset SB-08 44m 48m 4m 5.62%
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Rattler SB-09 96m 110m 14m 0.83%
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Rattler SB-10 no significant intercepts, leached breccia
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Rattler SB-11 312m 342m 30m 0.37%
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Audacious SB-12 12m 26m 14m 2.90%
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Audacious SB-13 22m 24m 2m 5.85%
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Audacious SB-14 20m 86m 66m 1.45%
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Audacious SB-14 34m 46m 12m 2.33%
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Audacious SB-15 16m 36m 20m 3.07%
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including 22m 28m 6m 5.69%
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Audacious SB-16 0m 14m 14m 1.71%
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SB-16 22m 46m 24m 2.12%
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including 22m 26m 4m 4.75%
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Audacious SB-17 0m 8m 8m 3.23%
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Audacious SB-18 0m 12m 12m 2.32%
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SB-18 22m 38m 16m 1.95%
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Audacious SB-19 20m 42m 22m 2.97%
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including 20m 24m 4m 5.91%
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including 34m 38m 4m 4.76%
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Sunset SB-20 4m 16m 12m 2.50%
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including 8m 12m 4m 4.03%
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Saguaro SB-21 no significant intercepts
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Victors SB-22 no significant intercepts
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Magna SB-23 282m 354m 72m 0.88%
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Magna SB-23 458m 484m 26m 2.03%
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Victor's SB-24 0m 20m 20m 1.27%
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Victor's SB-25 0m 12m 12m 2.05%
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Victor's SB-26 0m 12m 12m 2.25%
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Victor's SB-27 14m 30m 16m 1.22%
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Victor's SB-28 14m 20m 6m 1.36%
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Victor's SB-29 4m 70m 66m 0.61%
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Victor's SB-30 10m 40m 30m 0.86%
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Victor's SB-31 2.6m 8m 5.4m 2.07%
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Victor's SB-32 2m 8m 6m 2.47%
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Victor's SB-33 6m 24m 18m 1.80%
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Victor's SB-34 8m 24m 16m 1.77%
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Interpretation and Conclusions:
The Report concludes that Bell Copper has completed sufficient early stage exploration, sampling, and core drilling to indicate that further geological exploration and testing of the property are warranted. Relatively high-grade copper intercepts obtained from breccia intercepts in the drilling reported here suggests that the breccia pipes have grades worthy of further evaluation for mining by open pit, underground, or a combination of the two mining methods. An objective review of the location of the drill holes in relation to the local topography, utilizing perspectives available with Google Earth, indicate that open pit mining could be considered for some portions of currently identified zones of mineralization. The deeper intercepts of copper mineralization, however, may be partly or largely restricted to underground mining constraints.
Recommendations:
Additional drilling and geological testing is required to delineate the extent of mineralization in-, adjacent to-, and beneath the system of breccia pipes on the property. Continued exploration is also necessary in order to determine the mineral potential of the property to the south-southeast. Current data indicates a partially delineated footprint of a potentially large, relatively high-grade copper system and more work on the property is warranted and recommended.
It is recommended that an Induced Potential survey be completed over the project area with a "deep-looking" array to evaluate the area for concentrations of disseminated and veinlet sulfide concentrations, and porphyry style alteration at depth.
Additional deep drilling is recommended in two phases. The initial phase of drilling should test the dickite bearing breccia pipes in the southwest part of the project area. A deep drill hole of approximately 1,000 meters is recommended, with two or more angle holes to be whip-stocked off the initial deep drill hole.
A detailed budget for this work has not been compiled, but it is estimated that the IP survey should be in the range of $75,000 USD and all-in drilling and support costs of $175,000 per 1,000 meters of drilling. With three whip-stocks of 500 meters each (1,500 meters) and the initial hole at 1,000 meters, the all-in drilling cost of $437,500 is estimated. Total estimated cost of this recommended phase of exploration is $512,500. With a 15% contingency ($76,900), the cost of IP + drilling, should be approximately $589,400.
It is recommended that a follow-up phase of exploration consist of continued deep drilling with whip-stock angle drilling, similar to above, at locations identified by the results of the work recommended above. Preliminary engineering and metallurgical studies should be implemented during this second phase of work, which should be expected to be in the range of ~$1,000,000 per year, depending on local market prices.
The Company initiated permitting for this drilling program with the State of Arizona in February 2010 and the remaining archaeological and biological surveys required for the completed permit might be expected early in the third quarter of 2010. Based on the above conclusions, Bell Copper will proceed to the next phase of drilling on the Sombrero Butte project and anticipates that the drill program will be completed in the fourth quarter of 2010.
Timothy Marsh, PhD, PE, Bell Copper's President is the qualified person on the Sombrero Butte Project.
About Bell Copper
Bell Copper is focused on the exploration and development of copper assets in the Americas through internal efforts and via strategic partnerships. For more information on Bell Copper: www.bellcopper.net
On behalf of the Board of Directors of
Bell Copper Corporation
"Michael Werner"
Michael Werner, CEO & Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Forward-looking statements in this release are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.
For further information: please contact the Company: (604) 669-1484, [email protected]; Renmark Financial Communications Inc.: Christine Stewart, [email protected]; Jason Roy, [email protected]; (514) 939-3989, (416) 644-2020, www.renmarkfinancial.com
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